FxPro Financial Services has been authorized by the South Africa Financial Services Board (FSB) to operate as a financial service provider in the country.

The newly granted authorization gives FxPro the opportunity to expand its operations on a significant scale and to reach new customers.

Charalambos Psimolophitis, FxPro CEO, said: “We are delighted at the prospect of extending our services to new customers. The FSB authorization gives us a key advantage and opens up an array of opportunities, as we believe that there is significant market potential for FxPro. We welcome it as another step towards growth.”

FxPro is an online broker, serving retail and institutional clients in more than 150 countries.

FxPro operates as a Hybrid Agency Model broker, enabling clients to access top-tier liquidity.

Clients benefit from no-dealing-desk execution, deep liquidity and competitive pricing, as well as from a continuously growing product offering that now includes six distinct asset classes.

FxPro Financial Services Limited remains authorized and regulated by the Cyprus Securities and Exchange Commission.